2 Canadian Real Estate News Headlines You Shouldn't Miss Today (July 30th 2019)
Hello everyone. How are you?
I provide you with Canada’s news headlines for real estate news for today.
Toronto Has The Most Cranes In North America By A Long Shot
Toronto construction is ramping up. The city has the most cranes not just in Canada, but in North America, according to a new report.
The July 2019 RLB Crane Index shows the 6ix has 120 active cranes, which is up from 104 in January. That’s a huge chunk of the 428 cranes that are currently in use across 13 major Canadian and American cities.
Canadian Mortgage Growth Rises From Lows, But Still Not Quite Back To Normal
Canadian mortgage growth is showing some signs of life after bottoming. Bank of Canada (BoC) numbers show outstanding mortgage credit hit a record high in June. The record came with an uptick in the rate of growth, which had bottomed in recent months. Mortgage credit growth is improving, but still growing at one of the lowest rates seen in decades.
Jethro Seymour, Top Toronto Real Estate Broker
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